Legal Opinion
Woodson v. Fireman's Fund Insurance (In re Woodson)
Court of Appeals for the Ninth Circuit
Decided February 16, 1988No. Nos. 86-1524, 86-2775PublishedCited by 1 opinion
1Opinion of the Court
KOZINSKI, Circuit Judge:
We consider procedural and substantive questions raised by a creditor’s objection to a debtor’s claim that the proceeds of his deceased wife’s life insurance policy, received within 180 days after filing for bankruptcy, are exempt assets under federal and California law.
FACTS
On August 24, 1984, Michael Woodson filed a petition for a chapter 11 reorganization. Three days later, Woodson’s wife Patricia died of brain cancer, and on September 8, 1984, he collected $1,017,764.99 as the proceeds of an insurance policy he had taken out insuring her life.
More than a month…
2Cases cited11 opinions
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
- In Re a & C Properties, Debtors. William W. Martin, Superseded by Gilbert Robinson, in Intervention v. William E. Kane, Barbara Kelly, K & K Properties, Inc., and Investors Replacement, Inc., William W. Martin, Objectors-Plaintiffs-Appellants v. Gilbert Robinson, Trustee in Bankruptcy, in InterventionCourt of Appeals for the Ninth Circuit · 1986
- Ford Motor Credit Company v. Robert L. Weaver, John C. Weaver and Sons and Weaver Farms, DefendantsCourt of Appeals for the Sixth Circuit · 1982
- Jerry Payne and Deborah Payne, Debtors-Appellants v. Charles R. Wood, Jr.Court of Appeals for the Seventh Circuit · 1985
- Hannan v. CharnessCourt of Appeals for the Seventh Circuit · 1942
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3Cited by1 opinion
- In Re Michael E. Woodson, Debtor. Michael E. Woodson, Debtor-Appellant v. Fireman's Fund Insurance Company, Fireman's Fund Insurance Company v. Michael E. Woodson, Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1988